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SOWCARPET Branch No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai Phone: 044-23460806 Email: [email protected]

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SOWCARPET Branch No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai Phone: 044-23460806 Email: Sowcarpet@Unionbankofindia.Com SOWCARPET Branch No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai Phone: 044-23460806 Email: [email protected] By Regd Post with Ack due To: M/s Real Metal & Alloys Mr Rakesh Singhal C/o D. No.16/23 Proprietor of M/s Real Metal & Alloys Ekambareshwar Agraharam C/o D. No.16/23 Vithal Market Ekambareshwar Agraharam Park Town, Vithal Market, Park Town, Chennai- 600 003 Chennai- 600 003 Mrs Manju Bansal Mrs Manju Bansal (Guarantor) W/o.(Late) Satyanarayan Bansal (Guarantor) One of the Legal Heir of No.76, EVK Sampath Road (Late) Satyanarayan Bansal Prince Park Apartments No.76, EVK Sampath Road 7th Floor, 703, Vepery Prince Park Apartments Chennai- 600007. 7th Floor, 703, Vepery Chennai- 600007. Mr.Gaurav Bansal, Legal Heir of Mr.Late Ms. Pratima Bansal, Legal Heir of Mr.Late Satyanarayan Bansal Satyanarayan Bansal, No.76, EVK Sampath Road C/o Rajat Distributors Prince Park Apartments No. 24, Rajendra Complex 7th Floor, 703, Vepery Kasturba Colony Chennai- 600007. Jalore, Rajasthan- 343 001 Dear Sir/Madam, Sub: Notice of 15 days for sale of immovable secured assets under Rule 8 of the Security Interest (Enforcement) Rules, 2002. 1.Union Bank of India, SOWCARPET Branch, No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai the secured creditor, caused a demand notice dated 29.05.2019 under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002, calling upon you to pay the dues within the time stipulated therein. Since you failed to comply with the said notice within the period stipulated, the Authorised Officer has taken possession of the immovable secured assets under Section 13(4) of the Act read with Rule 8 of Security Interest (Enforcement) Rules, 2002. Possession notice dated 08.11.2019 issued by the Authorised Officer, as per Appendix IV to the Security Interest (Enforcement)) Rules, 2002 was delivered to you and the same was also affixed to the properties mortgaged with the Secured Creditor, apart from publication of the same in newspapers. Please note that as per the said demand notice you were informed about your right to redeem the property within the time available under Section 13(8) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 2. As you have failed to clear the dues of the secured creditor, the immovable secured assets that have been taken possession of by the Authorised Officer, will be sold by holding public E-auction on 18.02.2021 at 2.00 PM by inviting Bids from the public through online mode on www.mstcecommerce.com. 3. You are also requested to ensure participation by parties interested in buying the immovable secured assets in the sale as proposed above. 4. A copy of the terms of sale is enclosed for your reference. Please note that the Auction will be conducted through E-Auction mode on the date and time mentioned in the enclosed terms of sale. Yours faithfully Place :Chennai Date :30.01.2021 AUTHORISED OFFICER FOR UNION BANK OF INDIA Encl: Terms of sale TERMS AND CONDITIONS OF SALE OF IMMOVABLE SECURED ASSETS: 1. Name and address of the M/s Real Metal & Alloys Mr Rakesh Singhal Borrower, Co-Applicant and C/o D. No.16/23 Proprietor of M/s Real Metal & Guarantor Ekambareshwar Agraharam Alloys Vithal Market C/o D. No.16/23 Park Town, Ekambareshwar Agraharam Chennai- 600 003 Vithal Market, Park Town, Chennai- 600 003 Mrs Manju Bansal Mrs Manju Bansal (Guarantor) W/o.(Late) Satyanarayan One of the Legal Heir of Bansal (Guarantor) (Late) Satyanarayan Bansal No.76, EVK Sampath Road No.76, EVK Sampath Road Prince Park Apartments Prince Park Apartments 7th Floor, 703, Vepery 7th Floor, 703, Vepery Chennai- 600007. Chennai- 600007. Mr.Gaurav Bansal, Legal Heir Ms. Pratima Bansal, Legal Heir of Mr.Late Satyanarayan of Mr.Late Satyanarayan Bansal, Bansal C/o Rajat Distributors No.76, EVK Sampath Road No. 24, Rajendra Complex Prince Park Apartments Kasturba Colony 7th Floor, 703, Vepery Jalore, Rajasthan- 343 001 Chennai- 600007. 2. Name and address of the SOWCARPET Branch Secured Creditor : No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai Phone: 044-23460806 Email: [email protected] 3. Description of immovable secured assets to be Sold ITEM 1 Residential Flat situated on the western side of Nattu Pillaiyar Koil Street, vide Door No.54, Old No.69, Flat No.15, Second Floor, Rear side wing under Old Sy No.4325 & RS No.7321 of Block 63 of Muthialpet, 55th ward of Purasawalkam Taluk, Chennai District. The said property is in the name of Mr Satyanarayan Bansal (Deceased). Extent of the site : 127 sq ft ( UDS of land area). Super plinth area of the flat – 600 sq ft Direction As per doc As per site North R S No. 4384 & 4385 Property bearing Door No.52/70 South R S Nos.4324 Property bearing Door No.56 East Nattu Pillaiyar Koil Street Nattu Pillaiyar Koil Street West R S Nos. 4281 & 4279 Private Property ITEM 2 Residential Flat situated on the northern side of Hunters road at Choolai Vide Door No.36, Old No.68/1 of Sy No. RS No.938/3 part of Block No.18, Purasawalkam Village, 58th ward, under Purasawalkam Taluk, Chennai District in the name of Mrs Manju Banjal. Extent of the site - 295 sq ft (UDS of land) & Super plinth are of the flat 1075 sq ft (including common areas) Boundaries of site/actual As per document As per site as per document North Janakiah Chettys house Private property in Sindur Aashiana South Hunters Road Hunters Road (now Known as Thiru Narayana Guru Road) East Door No.68, Hunters Road Door No.68, hunters Road and belonging to Venkatraman Private Property in Sindur Aashiana Hari Rajan & Kamalakannan West Premises belonging to Swathi Apartments Ramasamy Mudaliar 4.The details of encumbrances, if any Nil known to the Secured Creditor 5. Last date for submission of EMD On or before the commencement of e-Auction. 6. Date & Time of auction 18-02-2021 between 02:00 AM To 04:00 PM (with 10 min unlimited auto extensions) E-auction website-www.mstcecommerce.com 7.The secured debt for the recovery of Rs 1,01,67,479.03 as on 30-11-2020 with further interest, cost & which the immovable secured asset is to expenses be sold: 8.1Reserve price for the properties below Item 1 Rs 19,00,000/-(Rupees Nineteen lakhs only) which the immovable property may not Item 2 Rs 49,50,000/-(Rupees Forty nine lakhs and fifty be sold: thousand only) 8.2 EMD Payable Item 1 Rs 1,90,000/-(Rupees One lakh ninety thousand only) Item 2 Rs 4,95,000/-(Rupees Four lakhs ninety five thousand only) 9. 1. Registration The Online E-Auction will be held through web portal/website www.mstcecommerce.com on the date and time mentioned above with unlimited extension of 10 minutes. The intending bidders / purchasers required to register through https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp by using their mobile number and valid email-id. They are further required to upload KYC documents and Bank Details. 9. 2. KYC Verification On completion of registration, the intending bidders / purchasers are required to upload KYC documents and Bank account details. KYC documents shall be verified by e-auction service provider which may take 2 to 3 working days. Hence the registration and uploading formalities are to be completed well in advance. 9. 3. EMD Payment On completion of KYC verification, the intending bidders / purchasers are required to pay EMD through NEFT/RTGS/NET BANKING/UPI by generating a Challan through this website in his/their Global EMD Wallet. Payment should be made within 3 days after generating the Challan for NEFT / RTGS otherwise the Challan shall become invalid. The payment shall be ensured well in advance before the stipulated time. If the required EMD amount is not held in their Global Wallet, they will not be allowed to participate. Payment of EMD in any other mode will not be accepted. The Earnest Money Deposit shall not bear any interest and in case of unsuccessful bid, the same will be returned to the unsuccessful bidder by the service provider without interest. 9.4 Bidding The bidder has to select the property for which offer is submitted from the list mentioned in the above website and/ or bidder can directly enter Property ID (as mentioned in https://ibapi.in). The property will be visible in ‘Live Auctions’ on www.mstcecommerce.com one day prior to the date of auction. 9.5. Help Desk ➢ For Registration related queries e-mail to [email protected] ➢ For EMD payment/refund related queries e-mail to [email protected]. ➢ For Registration and Login and Bidding Rules visit https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp and Click “Buyer Guide for Login and Registration” ➢ Intending bidders may download at free of cost, copies of sale notice, Terms and Conditions of e- auction Help Manual on operational part of e-auction from e-Bkray – IBAPI portal (https://www.ibapi.in) For auction related queries e-mail to [email protected] or contact Union Bank of India, Sowcarpet Branch No.16, Ekambareshwara Agraharam, Park Town, Sowcarpet, Chennai, Contact Mr. Suresh Y (Branch Manager) Mobile 9494223200 Phone: 044-23460806 Email: [email protected]. 9.6 Steps Involved ➢ Register on e-auction portal www.mstcecommerce.com. using mobile number and email ID. ➢ Upload requisite KYC Documents. ➢ Generate challan and transfer EMD amount to bidder’s global EMD Wallet. ➢ Submission of bid shall be through Online mode on the auction date and time.
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